India Nears Four Bilateral Investment Treaties Update

Business Standard · business

India is nearing the finalisation of four bilateral investment treaties (BITs) based on an updated framework, with negotiations ongoing with the UK, EU, Oman, and Qatar. The updated BIT framework is awaiting Union Cabinet approval. This development follows a review initiated by Finance Minister Nirmala Sitharaman to make the framework more investor-friendly. The current framework, established in 2015, faced criticism for being restrictive, leading India to cancel over 50 BITs in 2016. The new treaties aim to attract sustained foreign investment amidst moderating FDI inflows.